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The Gazzetta dello Sport splashed the offer on its front page Thursday and it didn't take long for Fininvest, the holding company of Milan president Silvio Berlusconi, to issue a statement saying it "denies once again any possible sale for control of Milan."

"Citizens have a fundamental right not to be afraid. The right not to be afraid is a right that a state worthy of the name must guarantee," said Mr. Berlusconi, who won a third term promising to fight crime widely blamed on immigrants.